Crypto Bulls See $1 Billion Squeeze as Bitcoin, Altcoins Crash

Former U.S. President Donald Trump raked in more than $58 million from cryptocurrency-related ventures in 2024, according to his latest financial disclosure. The filing, required for public officials, reveals his earnings across all businesses last year—including a notable chunk tied to crypto, which he embraced during his campaign.

Editor’s Note: Love him or hate him, Trump’s crypto windfall highlights how deeply digital assets are weaving into mainstream politics and finance. It’s a sign that even polarizing figures see crypto as a viable revenue stream—and could shape how future candidates engage with the industry. Whether this fuels skepticism or legitimacy for crypto depends on who you ask.

Ethereum's price took a hit recently, dipping below $2,500 due to global tensions, but it's clawed back slightly to around $2,567. Meanwhile, big players—known as "whales"—have been quietly scooping up a massive 1.5 million ETH in the last month, a 3.72% jump in their holdings. Analysts from Santiment see this as a bullish signal, hinting that these deep-pocketed investors might be betting on a future price surge.

Editor’s Note: When whales accumulate this much ETH, it often signals confidence in the asset's long-term value—even during market dips. If their bets pay off, retail investors could see a ripple effect, potentially driving prices higher. But with crypto, nothing's guaranteed, so keep an eye on whether this whale activity translates into sustained momentum.

A well-known crypto analyst going by "Plan D" on X has made a bold call, predicting Bitcoin could skyrocket to $167,000. Their optimism hinges on two bullish chart patterns lining up at the same time—a rare signal that historically precedes big price jumps. This comes as Bitcoin’s wild price swings continue, partly fueled by geopolitical uncertainty.

Editor’s Note: If you’re holding Bitcoin—or even just watching it—this kind of prediction is hard to ignore. While crypto analysts throw around big numbers all the time, the mention of two bullish patterns converging adds a layer of credibility (or at least intrigue). Of course, markets hate uncertainty, and with global tensions flaring, Bitcoin’s path won’t be smooth. But for believers, this could be the hopium they need after months of sideways action.

JPMorgan is sounding the alarm about the escalating conflict between Israel and Iran, warning that it’s already driving up oil prices and shaking investor confidence. The bank’s analysis suggests that prolonged tensions could further destabilize global markets, especially if oil supplies are disrupted.

Editor’s Note: When two major players in the Middle East clash, it’s not just a regional issue—it sends shockwaves through the global economy. Higher oil prices mean everything from gas to groceries could get more expensive, and jittery investors might pull back, slowing growth. This isn’t just a headline; it’s a real-world pocketbook problem for millions.

US Senator Cynthia Lummis criticized the Federal Reserve's recent crypto decision as "just lip service," arguing it doesn't represent real progress. Meanwhile, SEC Chair Paul Atkins spoke at an agency roundtable, and Circle executive Dante Disparte denied rumors about the company seeking a US federal bank charter. The crypto industry's optimism over softened Fed guidance may be premature, according to Lummis.